Zimbabwe - Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Zimbabwe was 66.26 as of 2016. Its highest value over the past 51 years was 66.26 in 2016, while its lowest value was 45.33 in 2007.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 50.07
1966 49.97
1967 47.74
1968 52.52
1969 49.87
1970 51.80
1971 50.23
1972 49.13
1973 49.61
1974 47.56
1975 48.30
1976 48.60
1977 50.75
1978 55.15
1979 53.50
1980 55.31
1981 55.33
1982 59.17
1983 59.73
1984 52.53
1985 49.28
1986 50.90
1987 53.14
1988 50.40
1989 49.98
1990 50.42
1991 47.32
1992 51.72
1993 51.61
1994 48.64
1995 55.69
1996 52.34
1997 55.51
1998 54.21
1999 57.14
2004 54.00
2005 52.74
2006 47.39
2007 45.33
2008 49.51
2009 58.74
2010 59.02
2011 59.74
2012 62.49
2013 63.75
2014 62.39
2015 64.20
2016 66.26

Limitations and Exceptions: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts